XRP, SOL & ADA: Facts or Just Rumors?

[Jujuboy]

There’s been talk about the SEC outlining possible government use cases for XRP, SOL, and ADA under a Trump administration. Reports claim XRP could support state-level financial transactions, ADA could be used for credential verification and smart contracts, and SOL might power secure voting and digital identity systems.

However, XRP lawyer John Deaton dismissed these claims, stating, “The SEC did not release any such thing.” For now, it’s all speculation until there’s official confirmation.

[Crwth]

You could buy the rumor for this, but there's risk for sure. I have searched for this and it has been debunked.

https://coingape.com/us-sec-remains-silent-on-xrp-sol-ada-roles-clarifies-john-deaton/

I think when seeing these kinds of things, it's important to consider where the information came from and be wary of fake news and stuff. I do hope that more fruition would come to the crypto space and let it not be a rumor anymore.

[target]

Which crypto podcaster you have heard this?

Because I remember I heard of this too. I was just drowsy when I turned on my youtube.  And if this is true I think XRP will really be a good investment for someone right now. The price however is no ideal point of entry. I would wait for it to dump first for like below $1 first.

I have some doubts about SOL since, its not a secure project as far as I know.

[LogitechMouse]

---
However, XRP lawyer John Deaton dismissed these claims, stating, “The SEC did not release any such thing.” For now, it’s all speculation until there’s official confirmation.

Just always think about this quote. "A rumor will stay as a rumor until there's a confirmation."

There are no confirmations on this one, and anybody can create a rumor out of nowhere. When I saw the subject title, I really thought that this will be connected to ETF's because apparently, XRP and SOL are the altcoins that most companies are using to file for a Spot ETF. I don't about ADA though, but it might be soon.

Anyway, as for these tokens, I believe they are good long term tokens to hold. XRP and ADA if you want to hold coins that have been on the top for quite some time, and SOL if you want to risk some of your funds.

[SmartGold01]

You could buy the rumor for this, but there's risk for sure. I have searched for this and it has been debunked.

https://coingape.com/us-sec-remains-silent-on-xrp-sol-ada-roles-clarifies-john-deaton/

I think when seeing these kinds of things, it's important to consider where the information came from and be wary of fake news and stuff. I do hope that more fruition would come to the crypto space and let it not be a rumor anymore.

+1 karma for you..

Usually that is how unverified news keep circulating but one thing you must know is that, there is no smoke without fire.
Certainly before such news has been release there has been a move towards this but, in my own opinion they would want to make people unaware so that it wouldn't start causing too much price manipulation on the market.

[Mia Chloe]

Usually that is how unverified news keep circulating but one thing you must know is that, there is no smoke without fire.
Certainly before such news has been release there has been a move towards this but, in my own opinion they would want to make people unaware so that it wouldn't start causing too much price manipulation on the market.

+1 Karma
Actually the number of valid and actual information out there is way small and sometimes difficult to get hold of depending on the context and how important it is. Most of the so called news we have out there are just speculations that are put out like the real deal.
The ecosystem has too many persons moved by FOMO than should be and that is why you see most people lose because of fake news and stirs.

[NotATether]

From a government's perspective, why would they want to cede control of their monetary system and financial transacion apparatus to some decentralized coin?

Governments are held responsible to control their budget and spending policy, and they are certainly not going to outsource that responsibility to random people on the other end of a blockhain, especially when jail time is involved.

[Zed0X]

First of all, why would SEC be the body that would release such statement? That alone makes the 'rumor' all suspicious to me. It just doesn't make sense how a regulating agency also makes suggestion or recommendation how a blockchain or coin would be utilized by the Government.

[Fivestar4everMVP]

There’s been talk about the SEC outlining possible government use cases for XRP, SOL, and ADA under a Trump administration. Reports claim XRP could support state-level financial transactions, ADA could be used for credential verification and smart contracts, and SOL might power secure voting and digital identity systems.

However, XRP lawyer John Deaton dismissed these claims, stating, “The SEC did not release any such thing.” For now, it’s all speculation until there’s official confirmation.

Glad you already know that this claim is only but speculations, one which I know is for sure is the government discussion on creating a reserve with each of this cryptocurrencies you mentions plus two others including bitcoin.

But then, I still applaud trump's government for their interest in crypto, shows that indeed, the future we all were hoping for has finally arrived, glad I am alive to watch and see how every thing turn out in the end, it's a good time to be a crypto enthusiast.

[bayu7adi]

At first glance, the news is indeed too exaggerated on certain coins, so I myself am also quite doubtful about the validity of the news.. especially since the SEC is an agency that should be neutral and impartial for things like this... because I heard the impression that the statement was more towards shilling... so it is very natural if it is denied even by XRP's lawyer directly...

I realize that US politics is currently very close to cryptocurrency, so it is not the same as frying news for public consumption... must remain objective so that everyone can get justice...

[KryptoBull]

At first glance, the news is indeed too exaggerated on certain coins, so I myself am also quite doubtful about the validity of the news.. especially since the SEC is an agency that should be neutral and impartial for things like this... because I heard the impression that the statement was more towards shilling... so it is very natural if it is denied even by XRP's lawyer directly...

I realize that US politics is currently very close to cryptocurrency, so it is not the same as frying news for public consumption... must remain objective so that everyone can get justice...

I think they're referring to the event where Trump mentioned XRP, SOL, and ADA for a crypto reserve fund. Indeed, these tokens saw price increases following that statement, and the community placed its trust in US tokens. However, things were clarified: Trump doesn't have a fondness for specific tokens; he was just referring to the top coins in the market.

Regardless, XRP, SOL, and ADA were mentioned and caught the attention of crypto investors. They could be the tokens leading this altseason with their potential, especially as the ETH price remains restrained in the 2K USD range.

• Donald Trump Names XRP, SOL, ADA, BTC and ETH as Part of U.S. Crypto Reserve

[Baofeng]

I think it's obvious that this is just rumor and I do not think that the US government is willing to do this.

And most likely that one that created this news or shill wanted to create hype of the altcoin market as we all know that it's not even getting into a new all time high as compare to Bitcoin. So they need something that will create a hype again or even like a pump.

But it's not going to happen, I think investors has read what this news is trying to do in the market and they are not buying.

[SmartGold01]

Usually that is how unverified news keep circulating but one thing you must know is that, there is no smoke without fire.
Certainly before such news has been release there has been a move towards this but, in my own opinion they would want to make people unaware so that it wouldn't start causing too much price manipulation on the market.

+1 Karma
Actually the number of valid and actual information out there is way small and sometimes difficult to get hold of depending on the context and how important it is. Most of the so called news we have out there are just speculations that are put out like the real deal.
The ecosystem has too many persons moved by FOMO than should be and that is why you see most people lose because of fake news and stirs.

Yes that is true, people lose unexpectedly due to unverified news and, that is why before we take any action it's extremely important to always confirm the news before take any action towards what they had or things flying around, especially for traders before jumping into market they should examine the level of the information before acting upon what they had. +1

[bitmover]

There’s been talk about the SEC outlining possible government use cases for XRP, SOL, and ADA under a Trump administration. Reports claim XRP could support state-level financial transactions, ADA could be used for credential verification and smart contracts, and SOL might power secure voting and digital identity systems.

However, XRP lawyer John Deaton dismissed these claims, stating, “The SEC did not release any such thing.” For now, it’s all speculation until there’s official confirmation.

I think the idea of US crypto is real. It is a fact.

I think that in the next 10 years we will see many of the top 10 coins as US based coins.

US is an economic potency. This will reflect in crypto.

XRP is obviously a strong name among those projects. However, we don't know if ada sol and xrp will be the strongest US based projects in the next 10 years. Others may appear. Maybe Amazon meta and Google will launch their US based projects as well.

[TomPluz]

...XRP lawyer John Deaton dismissed these claims, stating, “The SEC did not release any such thing.” For now, it’s all speculation until there’s official confirmation.

Yes, these are just speculations but come to think of it there can be some solid basis for these rumors all because the Trump administration is surely crypto-friendly and is focusing on Made in USA coins. Now, the good thing is that a positive rumor no matter if they can come true or not is helping the coins being mentioned. We should always remember that it can take time for things to finally happen most especially if the government is involved and I am sure that SEC and other related agencies would seriously study this idea before coming out with any announcement. Let's hope that indeed this rumor will come into reality as soon as possible.